FAQ

What is the MarketGod Trading Tool?

The MarketGod Trading Tools are a series of indicators that were released by Eric Thies on Tradingview.com in early 2019. Originally released free of charge, the tool quickly gained traction in the community and became popular across crypto communities, forex groups, and options markets alike. Wanting to further its development, the decision was made to create a premium community that could benefit from the tool, and enable a strong team to come and build the indicator into what it is intended to be.

Who should use the MarketGod Trading Tools?

Our tool is designed for experienced traders and investors alike. This tool is not intended for novice traders, any unfamiliar with tradingview.

Will this work outside of crypto trading?

Yes, absolutely – Our signature tool, the MarketGodPro Tradingview Indicator was built and designed to be used across any market that you can trade. Trade everything including

Forex (Foreign Exchange / Currencies)

Commodities (Gold, Corn, Oil, etc)

Funds – ETFs, Mutual, etc

Indices

Equities

Options

Penny Stocks

Bitcoin

Altcoins

I purchased the indicator. Now what?

Thank you for your business. While the process will normally be short, Please allow up to 6 hours for processing, while we are growing at the rate we are.

To make sure you are added quickly as possible, please remember to do the following

Confirm a user account on Tradingview. We’ve found new accounts/unconfirmed accounts have challenges when we try to add them.Have provided us with your Tradingview username and email. These are the only details we need once you’ve paid. We will add you ASAP. Please keep an eye on your junk mail, and we will inform you once we confirmed your add.

Will you charge for those updates too?

No, once purchased, the user will be a customer for the entire lifespan of that tool. With MG Pro will be the last ever released.

You will receive any future updates to the tools released under the Market God Trading Tools name.

We will likely release automated bots, other various tools, and mobile apps that will also carry a price, but the access to the MG Pro indicator will remain for current customers.

Is this an automated bot?

No, while we plan on developing automated tools down the road, our tool is limited to being an indicator as of now.

Once Purchased, How do I gain access to the MG Premium Trading Indicator?

You will need a Trading View account. You can create one at no cost: https://tradingview.com.

Are there free trials offered?

Not at this time. Please check back at a later date.

What resources are available to me after purchasing the indicator?

Welcome! Once you’re confirmed and added, you have this FAQ section, our tutorials section, our Discord channel and our support team available for questions or help you need assistance with.

The Power Filter aims to remove pre-existing chop, that we were accustomed to seeing in v1-v6 of the MarketGod Trading Series

As mentioned in other notes, our trading tool v7 incorporates a new aspect to the tool that we haven’t in other version, which is the ability to change the buy & sell signals, via a noise filter. You can find this filter in the settings panel of the chart, accessed by clicking the round ‘pin wheel’ next to each indicator on the chart, respectively.

The Power Filter aims to remove pre-existing chop, that we were accustomed to seeing in v1-v6 of the MarketGod Trading Series

Eric Thies – Indicator Author & MarketGod Trading Founder

When it comes to filtering the noise of our tool – we use a scale of 1-30, which comprises different settings for the tool and therefore different levels of buys and sells for users, to customize the tool directly to their preferred markets and tickers. Right off the bat, this accomplishes a couple of things

Elimination of “same trade’ fears that some users have, due to our expansive user base, which is quickly approaching 1000 total users of the tool.

If one setting on one chart works, it doesn’t guarantee a different timeframe or even ticker will have the same results – virtually, you can customize it to your preference

The Power Filter has no set guidelines on which works best. During testing, our results found that specifically on BTCUSD, any range of 2-12 were very effective on normal candles, ranging from the 1m-1D, usually even being incredibly accurate through the high frames as well, including the 3D, 1w, 2w & 1M

That said, normal candles or heikin ashi, ultimately depend on the user of the tool, and their preference. For tickers that have a ton of gaps to fill and move around (ie the SPX, SPY), Heikin Ashi is recommended and will have incredible results on the 1m-1h levels. Traders are encouraged to share their success with us, as well as providing feedback on indicator functionality.

Keep in mind, we can apply to this tool to any market available on tradingview, and likely find a setting that covers essentially every swing trade in a given period. As usual, our suggestion is to also use other indicators / your own style of trading to also make decisions, as the last thing we’d like is for this to be relied on as a standalone tool, unless you understand the risks associated with any financial trade.

In addition, when indicator provides chop on any level of time-frame, it is typically associated with a consolidation period, in which the price is consolidating together after a period of volatility / explosive movement to a given direction. While we aim to cut the chop down in this version, there will likely be timeframes or tickers that have more of a challenge than the others.

In the event you are having a challenge identifying which setting for the power filter to use, we recommend the default 10, or 12, on the BTCUSD daily, in Heikin Ashi inputs.

Once a signal fires, and you see the given alert painted on the chart, we recommend making a decision on whether to enter a trade or not. The MarketGod team has found in our experience that the lower timeframes, less than 1-hour, usually should confirm before we make a trade. For the higher frames however, a signal is typically confirmed when it appears in real time. Regardless, we urge traders to understand any scenario before entering a trade, and to realize they ultimately have final say on a buy or sell decision.

Examples on TF reference –>

You are using the 1-minute chart & a signal appears. We recommend you allow that candle to close & confirm the trade, before confirming the alert.

You are using the 1-month chart & a signal appears. It is likely a big enough move inbound, to make the decision to trade the chart in real time.

Highlights / Summary (will be edited as needed)

Use Heikin Ashi Candles

Adjust filter to preference, range is from 1-30

Tool was designed using the BTCUSD BitStamp inputs

Be Aware of the Time-Frame (TF) you are using when reading the trades

Clear your chart of other MarketGod related alerts, from previous versions, when adding the tool for the first time. Be aware that any ghost alerts that occur could also be related to Heikin Ashi charts vs Normal charts, and the state of your chart when the alerts were set initially.

The indicator just alerted me of a Buy/Sell, and then it disappeared - Why?

The indicator is based off of the real-time price movements of a given chart, and bases its decisions off of the value when the period closes. This in mind, when you see a green or red alert on a chart, it is recommended to wait for the end of the period, to confirm that the alert is still there and verified as complete. This is extremely important, as waiting on the indicator to complete its candle confirmation will ensure that we are giving accurate and effective alerts to our users.

Once the candle closes and the printed alert is confirmed, it is recommended that you examine buy/sell areas around the closing price of the previous candle.

Miss the pump from an overdue buy sign? Price dumping without warning? These things happen. We’ve found moves like these are quickly reversed. That said, this tool is one of several you should be using when trading

I'm trying to set alerts on my desktop, and the selection menu is cut off

Having trouble when setting alerts? If the menu appears like it does above, use your arrow keys if on desktop. Top is buy, one arrow hit down pairs with sell. This is a gap on tradingview’s end.